OCBC CEO Samuel N. Tsien's salary up 10.42% to $10.70m in 2018

The bank’s full-year profits rose 11% YoY to $4.49b.

The remuneration of Oversea-Chinese Banking Corporation (OCBC) CEO Samuel N. Tsien rose 10.42% from $9.69m in 2017 to $10.70m, the bank’s annual report revealed.

Tsien’s remuneration comprised a base salary of $1.24m, a bonus of $5.03m, share options worth $839,000, deferred shares worth $2.51m, and other benefits worth $61,000.

In 2018, OCBC’s profits rose 11% YoY to $4.49b, which were slightly offset by a decline in profits from Great Eastern Holdings (GEH).

Net interest income rose 9% YoY to $5.89b amidst higher loan growth and net interest margin (NIM). NIMs edged up 5bps to 1.80% amidst wider margins in Singapore, Malaysia and Greater China. Return on equity also rose to 11.5% from 11%. Loan growth also hit 9% YoY to $258b across all key markets, with loans to Singapore rising 8%.

Compared to the CEOs of Singapore’s big banks, Tsien enjoyed the second highest salary after DBS chief executive Piyush Gupta’s $11.68m. However, Tsien’s salary growth was the lowest amongst the three, trailing behind UOB head Wee Ee Cheong’s 12.58% increase and Gupta’s 15.5% raise.

Also Read

ESR-LOGOS secures $225m and JPY15.5b sustainability-linked term loans

Singapore leads SEA in FinTech funding

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit